Two weeks ago performed a reversal figure called a negative reversal, the last weekly bar was of downward thrust, confirming the negativity of the previous one.
The last monthly bar also performed a reversal figure called negative reversal.
It is recommended to buy the instrument only if the daily time frame should take the position of HIGH.
The last session of the week recorded a closing at 3802 with a positive SuperT bar. The next resistance is 4608.
DAX Index (DYH20)
he daily bars of the week have achieved a bullish figure, it will be confirmed if the future week will close with a value greater than 13650.
After the new highs of the last 2 years has undergone a considerable retracement, we recommend the purchase only if the daily time frame takes the position of Raise.
S&P 500 E-Mini (ESH20)
The weekly session confirmed the strength of the bullish trend. If no reversal figures are created, only long positions are recommended on retracements.
Monthly and weekly in “Strong rise”, daily slowdown, purchases above 3215 and sales below 3200
Monthly and weekly in “Strong rise”, daily slowdown, buy with prices higher than 28500, intraday sell with prices lower than 28300
Monthly and weekly in “Strong rise”, daily slowdown, buy with hourly timeframe rise, intraday sell with prices lower than 8900
In 2019, it grew by 30%, failing to overcome the resistance of 24200 and 24500.
For the next week, we recommend only intraday transactions, position purchases only with prices higher than 24500.